Which of the following reasonably represents best practices regarding what should be the level of internal audit resource investment in monitoring and following up on engagement outcomes?

Question

Options

• ALimited resources should be employed since the actual engagement is already completed and the
• BNo resources should be exclusively deployed for that at all rather it should be planned as part of
• CResources should only be provided towards this if doing so does not result in depletion of
• DResources should be allocated to this without conditions as long as doing so meets the

• A
  6% (4)
• B
  14% (9)
• C
  3% (2)
• D
  77% (50)

Explanation

Best practices in internal auditing emphasize the importance of follow-up on engagement outcomes to ensure that agreed-upon actions are implemented and effective. According to Standard 2500 ?Monitoring Progress, the chief audit executive must establish and maintain a system to monitor the disposition of results communicated to management. This ensures that corrective actions are taken and that the internal audit function fulfills its role in improving the organization's governance, risk management, and control processes. Allocating resources for follow-up is crucial to maintain accountability and support continuous improvement.

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